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Jun 30, 2023
Berkshire Hills Bancorp Q2 2023 Earnings Report
Berkshire Hills Bancorp reported second quarter earnings with EPS growth year-over-year.
Key Takeaways
Berkshire Hills Bancorp reported a net income of $23.9 million for the second quarter of 2023, with earnings per share of $0.55, representing a 10% year-over-year increase. The company's credit performance remained strong, and deposits were resilient. Net interest margin improved from a year ago but declined linked-quarter due to higher funding costs.
Net income for the second quarter was $23.9 million, a 3% increase year-over-year.
Earnings per share (EPS) grew by 10% year-over-year.
Net interest margin was 3.24 percent, improved 13 basis points from a year ago.
Common stock repurchases totaled $12 million for the quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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